TaxMamas TaxQuips: Tax Quips
Corporate Net Operating Losses
November 15, 2010
Today TaxMama hears from Monty in the TaxQuips Forum, who needs help. Let me paraphrase his question. “When a corporation has net operating losses (NOL) for two years in a row, 2008 and 2009, how do you handle carrying back the NOLs?â€
Dear Monty,
Los Angeles, CA
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